Why is Hind.Bio Science falling/rising?

As of 15-Oct, Hindustan Bio Sciences Ltd's stock price is currently at 8.49, reflecting an increase of 0.69 or 8.85%. The stock has shown a positive trend today, gaining after five consecutive days of decline. It has outperformed its sector by 8.77%, and the delivery volume has significantly increased by 83.17% compared to the five-day average, indicating rising investor participation. Over the past week, the stock has risen by 1.31%, and over the past month, it has increased by 8.15%, contrasting with its year-to-date decline of 16.85%. The stock's performance over three years has been notably strong, with a return of 87.83%, suggesting a long-term positive outlook despite recent fluctuations.
In the broader market context, Hindustan Bio Sciences Ltd's short-term performance has outpaced the Sensex, which has risen by 1.02% over the past week and 1.00% over the past month. This indicates that while the stock has faced challenges in the longer term, its recent recovery aligns positively against the benchmark. The stock's current moving averages show it is performing better than the 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages, suggesting potential for further recovery if momentum continues. Overall, the combination of increased trading activity and a recent trend reversal contributes to the stock's rising price.